The car manufacturer said in a statement that its revised forecast was due to "progress in our recent profit improvement activities through cost reduction and marketing efforts, in addition to the change in our assumption of foreign exchange rates to reflect the depreciation of the yen".

Global financial services provider Barclays on Tuesday announced that the financial services arm of car manufacturer Toyota is offering customers the ability to make further payments on their car plans via their mobile phone using Barclays Pingit.

9-litre TwinAir is the current International Engine of the Year, but this latest award - the 2011 GreenFleet Awards City Car Manufacturer of the Year - highlights the car's environmental credentials and low fuel economy.

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